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Strategic Insights for Employing Your Spouse

Strategic Insights for Employing Your Spouse

Tags: CPA Sarasota, QuickBooks Bookkeeping, self-employment tax, Tax Planning If you own your own business and operate as a proprietorship or partnership, one of the smartest tax moves you can make is hiring your spouse to work as your employee. Unfortunately the tax...
Is Airbnb Rental Income Subject to Self-Employment Tax?

Is Airbnb Rental Income Subject to Self-Employment Tax?

Tags: QuickBooks Bookkeeping, Sarasota CPA, self-employment tax, Tax Planning Do you owe self-employment tax on Airbnb rental income? That’s a good question. In Chief Counsel Advice (CCA) 202151005, the IRS opined on this issue. But before we get to what the IRS said,...